Milestones

Precious Woods is founded by Swiss Investors. The company begins in Costa Rica with reforestation of uncultivated pasture.

With the founding of Precious Woods Ltd the private company opens its doors to shareholders.

Market entry in Brazil. Precious Woods Amazon is founded with the establishment of a sustainable forestry operation. In 1997, it is the first company in the region to be certified according to FSC-standards.

PW Holding Ltd becomes a public company by being listed at the SIX Swiss Exchange.

In Itacoatiara, Brazil, Precious Woods acquires 80 % of BK Energia, a biomass power plant. In the same year, Precious Woods acquires the Dutch company A. van den Berg B.V., which continued to operate as Precious Wood Europe.

Precious Woods sells its first carbon emission rights, thereby expanding its activities in the business segment of non-timber products from tropical forests.

Acquisition of the forestry company Compagnie Equatoriale des Bois (CEB) and the veneer company Tropical Gabon Industrie (TGI) in Gabon.

In October 2008, PW Gabon receives FSC-certification for its forestry operations and Chain of Custody (CoC) certification for its industrial activities (sawmill and veneer plant).

In October 2011, partial sale of 75 % of PW Central America to two existing Swiss shareholders is completed, leading to a partial debt reduction of the holding company.

The remaining 25 % stake in PW Central America is sold to the existing co-shareholders and the debt is further reduced. The Group sells 40 % of its shares in BK Energia to the co-shareholder and now holds only 40 % of the shares.

The delisting from the SIX Swiss Exchange took place in August 2013. In November 2013, it was decided to dissolve the distribution company PW Europe in the Netherlands and to transfer the activities to PW Holding.

We have entered into a new partnership for our veneer production (TGI) with effect from 1 October 2020. The new company Compagnie des placages de la Lowé (CPL) will strengthen Precious Woods’ competences in Gabon.

In May 2021, Precious Woods acquired 100 % of the shares in the biomass power plant (formerly BK Energia Ltda.) and changed its name to MIL Energia Renovável Ltda.